3 hours ago
Pepe (PEPE) PEPE, 1 of the astir salient meme coins, is struggling to clasp capitalist interest, falling 4.7% implicit the past 24 hours to $0.000009499, according to CoinDesk Research's method investigation model.
The token's crisp diminution marks a continuation of its caller downtrend, which has been marked by aggravated volatility and dense intraday selling.
Once a retail darling with viral momentum and adjacent a little nod from Elon Musk backmost connected April 9, PEPE has since slipped successful marketplace power arsenic attraction shifts backmost to Bitcoin. Musk had concisely adopted a PEPE-themed illustration representation that day, a determination that sent waves done the meme coin space. Still, the hype has mostly faded.
This downturn is portion of a broader displacement crossed crypto markets, wherever Bitcoin’s dominance has present climbed supra 65%, a level not seen successful implicit 2 years. The inclination suggests increasing capitalist penchant for BTC implicit smaller altcoins, particularly during periods of uncertainty and declining hazard appetite. That displacement is being felt acutely by high-beta assets similar PEPE.
Despite little terms rebounds, PEPE remains nether pressure, facing absorption adjacent $0.00001013. Its nonaccomplishment to prolong rallies reflects broader rotation distant from meme coins, and its aboriginal show whitethorn hinge connected whether marketplace sentiment returns to riskier assets oregon stays anchored successful large-cap names.
Technical Analysis Highlights
- PEPE-USD traded wrong a 16.1% range, falling from $0.00001017 to $0.00000940 betwixt 25 June 09:00 and 26 June 08:00 UTC.
- Strong absorption formed astatine $0.00001013 during dense selling betwixt 25 June 14:00 and 16:00 UTC.
- A short-term enactment portion developed astatine $0.00000946–$0.00000950, wherever terms bounced repeatedly connected mean measurement passim precocious 25 June and aboriginal 26 June.
- During the last 60 minutes of the investigation window, from 26 June 07:07 to 08:06 UTC, terms moved from $0.00000959 to $0.00000955.
- A spike of 91.9 trillion units astatine 07:17 UTC connected 26 June coincided with a little 3.1% rally.
- Prices slipped 0.9% successful the last minutes earlier close, reflecting short-term profit-taking.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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